Pinnacle West Capital (NYSE:PNW) Updates FY20 Earnings Guidance

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Pinnacle West Capital (NYSE:PNW) updated its FY20 earnings guidance on Thursday. The company provided EPS guidance of $4.75-4.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.04.

A number of research analysts have recently weighed in on the company. Credit Suisse Group raised their target price on Pinnacle West Capital from $101.00 to $108.00 and gave the company an outperform rating in a report on Monday, October 7th. Williams Capital restated a hold rating and issued a $97.00 target price (up previously from $87.00) on shares of Pinnacle West Capital in a report on Monday, August 12th. ValuEngine lowered Pinnacle West Capital from a buy rating to a hold rating in a report on Thursday, August 1st. Evercore ISI lowered Pinnacle West Capital from an in-line rating to an underperform rating in a report on Friday, August 9th. Finally, Wells Fargo & Co restated a hold rating on shares of Pinnacle West Capital in a report on Friday, August 9th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Pinnacle West Capital presently has an average rating of Hold and a consensus price target of $95.83.

Shares of Pinnacle West Capital stock opened at $86.39 on Friday. The business’s fifty day simple moving average is $94.82 and its 200 day simple moving average is $94.68. The firm has a market capitalization of $10.19 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 3.11 and a beta of 0.06. Pinnacle West Capital has a 12 month low of $81.63 and a 12 month high of $99.81. The company has a current ratio of 0.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.92.

Pinnacle West Capital (NYSE:PNW) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $2.77 EPS for the quarter, missing the Zacks’ consensus estimate of $3.00 by ($0.23). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.25 billion. Pinnacle West Capital had a return on equity of 9.33% and a net margin of 13.84%. The business’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 earnings per share. Analysts predict that Pinnacle West Capital will post 4.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.7825 per share. This is a positive change from Pinnacle West Capital’s previous quarterly dividend of $0.74. This represents a $3.13 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Friday, November 1st. Pinnacle West Capital’s dividend payout ratio (DPR) is 68.94%.

Pinnacle West Capital Company Profile

Pinnacle West Capital Corporation, through its subsidiary, Arizona Public Service Company, provides retail and wholesale electric services primarily in the state of Arizona. It generates, transmits, and distributes electricity using coal, nuclear, gas, oil, and solar generating facilities. The company serves approximately 1.2 million customers.

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Earnings History and Estimates for Pinnacle West Capital (NYSE:PNW)

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